In South Korea, Bithumb, one of the largest cryptocurrency exchanges, recently added two new tokens to its trading platform: Raydium and Ponke. This addition has led to significant price jumps for both tokens. Raydium (RAY), an automated market maker (AMM) protocol and liquidity provider on the Solana network, saw its price increase by 10% after the listing.
Ponke, a Solana-based meme coin, experienced a 20% surge in value. The addition of these tokens to the South Korean trading platform reflects Bithumb’s focus on expanding trading options for its users. The listing sparked immediate excitement, with both assets gaining heightened interest from traders.
To ensure secure trading, Bithumb has set specific transaction restrictions, such as pausing buying orders for the first five minutes and limiting selling orders within -10% to +100% of the base price. Raydium’s price is currently trading at $5.90, marking a 10% increase following its listing on Bithumb.
Ponke’s price jumped by 20% and is now trading at $0.80. Listings on major exchanges often boost crypto prices by increasing access and exposure. Bithumb’s addition of Raydium and Ponke highlights the significant impact of exchange support on crypto assets.
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<p>The post Bithumb Adds Raydium and Ponke, South Korean Crypto Exchange Experience Price Jumps. first appeared on CoinBuzzFeed.</p>
